Following the election of President Trump, many in the asset management industry speculated that his administration would usher in an era of reduced regulations. Early executive orders signed by the President, such as the “Core Principles for Regulating the United States Financial System,” further fueled hope among the most optimistic that not only would regulation of the industry ease, but perhaps even the Dodd-Frank Act itself could be repealed. See “How the Trump Administration’s Core Principles for Financial Regulation May Benefit the U.S. Funds Industry (Part One of Two)” (Feb. 16, 2017). A recent speech by SEC Chair Jay Clayton should dispel any lingering hopes that the Dodd-Frank Act will be entirely repealed, however. In his remarks, Clayton provided his perspectives on how the Commission should finish remaining rulemaking mandates under the Dodd-Frank Act. In addition, Clayton outlined his expectations for the standards of market professionals, particularly when dealing with new products or new forms of old ones. For coverage of other speeches by Clayton, see “Pro-Business Environment of New Administration Continues to Have Challenges and Pitfalls for Private Funds” (Sep. 14, 2017); “SEC Chair Clayton Details Eight Guiding Principles for Enforcement and Agency Strategies for Their Implementation” (Aug. 10, 2017); and “SEC Chair’s Budget Testimony Emphasizes Strong Agency Focus on Oversight and Enforcement in Trump Era” (Jul. 13, 2017).